Shareholders: Amended Complaint Shows Fake Interviews Caused Wells Fargo Stock Dip

(December 11, 2023, 2:28 PM EST) -- OAKLAND, Calif. — Wells Fargo & Co. and certain of its executives ignore numerous allegations that the company was aware of a widespread practice of using fake interviews to give the impression of complying with internal diversity hiring practices, a group of shareholders say in their memorandum of law in opposition to Wells Fargo’s motion to dismiss their amended putative class complaint alleging that the sham interviews led to a drop in stock value....